urban-gro (NASDAQ:UGRO) Releases Earnings Results

urban-gro (NASDAQ:UGRO) announced its quarterly earnings data on Friday. The company reported ($1.86) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of ($3.29) million during the quarter.

urban-gro Stock Down 0.6%

Shares of UGRO stock opened at $0.23 on Friday. The company has a market capitalization of $3.40 million, a P/E ratio of -0.24 and a beta of 1.85. urban-gro has a 12-month low of $0.21 and a 12-month high of $1.12. The firm has a 50-day moving average price of $0.28 and a 200 day moving average price of $0.37.

Institutional Inflows and Outflows

An institutional investor recently raised its position in urban-gro stock. Citadel Advisors LLC increased its position in urban-gro, Inc. (NASDAQ:UGRO) by 162.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,167 shares of the company’s stock after purchasing an additional 44,667 shares during the quarter. Citadel Advisors LLC owned approximately 0.57% of urban-gro worth $30,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 20.56% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of urban-gro in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About urban-gro

Urban-gro, Inc is a provider of cultivation solutions for the regulated cannabis and controlled environment agriculture markets. The company specializes in engineering, procurement and construction management for both indoor and greenhouse facilities. Its core offerings include professional-grade horticultural lighting systems, fertigation and nutrient distribution equipment, HVAC and environmental control solutions, as well as site assessment and project implementation services designed to optimize plant health and yield.

Complementing its hardware solutions, Urban-gro offers the Emerald Platform, a cloud-based monitoring and management software suite.